,,ii  #aac? ,,congress  #a/ ,session    
,s4 #acie  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #cj1 #bjac ,mr4  
,leahy 7= himself1 ,mr4 ,co*ran1 ,mr4   
,casey1 & ,mr4 ,moran7 introduc$ !      
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to p]man5tly ext5d & exp& !       
*>itable d$uction = contributions ( food
 inv5tory4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,good ,sam>itan ,hung]  
,relief ,tax ,inc5tive ,ext5sion ,act ( 
#bjac4  #b4 ,p]man5t ext5sion &         
expansion ( *>itable d$uction =         
contributions ( food inv5tory  7a7 ,9   
g5]al ,subp>agraph 7,c7 ( section       
#agj7;e77#c7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ to read z foll[s3  7,c7
 ,special rule = contributions ( food   
inv5tory  7i7 ,g5]al rule ,9 ! case ( a 
*>itable contribution ( food f any trade
 or bus9ess ( ! taxpay]1 ?is p>agraph   
%all be appli$--  7,i7 )\t reg>d to :e!r
 ! contribution is made by a ,c         

corporation1 &  7,,ii7 only to food t is
 app>5tly :olesome food4  7ii7          
,limitation on r$uction ,9 ! case ( any 
su* contribution1 not)/&+ subp>agraph   
7,b71 ! am\nt ( ! r$uction det]m9$ "u   
p>agraph 7#a77;,a7 %all n exce$ ! am\nt 
by :i* ! fair m>ket value ( ! app>5tly  
:olesome food exce$s twice ! basis ( su*
 food4  7iii7 ,det]m9ation ( basis ,if a
 taxpay]--  7,i7 does n acc\nt =        
inv5tories "u section #dga1 &  7,,ii7 is
 n requir$ to capitalize indirect co/s  
"u section #bfc;,a1  ! taxpay] may      
elect1 solely = purposes ( subp>agraph  
7,b71 to treat ! basis ( any app>5tly   
:olesome food z be+ equal to #ej p]c5t (
 ! fair m>ket value ( su* food4  7iv7   
,det]m9ation ( fair m>ket value ,9 !    
case ( any su* contribution ( app>5tly  
:olesome food :i*1 solely by reason (   
int]nal /&>ds ( ! taxpay]1 lack ( m>ket1
 or simil> circum/ances1 or :i* is      
produc$ by ! taxpay] exclusively = !    
purposes ( transf]r+ ! food to an       
organization describ$ 9 subp>agraph     

7,a71 _c or w n be sold1 ! fair m>ket   
value ( su* contribution %all be        
det]m9$--  7,i7 )\t reg>d to su* int]nal
 /&>ds1 su* lack ( m>ket1 su*           
circum/ances1 or su* exclusive purpose1 
&  7,,ii7 by tak+ into acc\nt ! price at
 :i* ! same or sub/antially ! same food 
items 7z to bo? type & quality7 are sold
 by ! taxpay] at ! "t ( ! contribution  
7or1 if n s sold at su* "t1 9 ! rec5t   
pa/74  7v7 ,app>5tly :olesome food ,=   
purposes ( ?is subp>agraph1 ! t]m       
app>5tly :olesome food has ! mean+ giv5 
to su* t]m by section #bb7;b77#b7 ( !   
,bill ,em]son ,good ,sam>itan ,food     
,donation ,act 7#db ,u4,s4,c4           
#agia7;b77#b771 z 9 effect on ! date ( !
 enactm5t ( ?is subp>agraph4  4  7b7    
,effective date ,! am5dm5t made by ?is  
section %all apply to contributions made
 aft] ! date ( ! enactm5t ( ?is ,act1 9 
taxable ye>s end+ aft] su* date4